Suppose that you just short sold $100$ shares of Quiet Minds stock for $$73\mathrm{.}00$ per share.

Required:

a$.$ If the initial margin requirement is $55\%,$ how much equity must you invest?

b$.$ Construct the balance sheet that corresponds to the transaction.

c$.$ Now suppose the price of the stock falls to $$65$ per share. What is your current margin percentage?

d$.$ The maintenance margin is $30\%.$ What is the lowest price that will trigger a margin call?

Complete this question by entering your answers in the tabs below.

Now suppose the price of the stock falls to $$65$ per share. What is your current margin percentage?

Note: Round your answer to $2$ decimal places.

Margin percentage